As the economic climate changes, more homebuyers are starting to back out of deals, according to Redfin’s latest report…(Redfin) Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1%...
SUMMARY: Homebuilder confidence fell below the breakeven point for the first time since the pandemic, 78% of Americans think the housing market is going to crash and are ready to buy when...
SUMMARY: Prashant Gopal over at Bloomberg has an interesting piece about short-term rental loans that could be a concern for vacation areas but not the overall market, producer prices fall but...
Prashant Gopal over at Bloomberg really freaked me out with his piece on vacation mortgage loans and their prevalence in vacation destinations…(Bloomberg) “A special kind of business loan is fueling the...
SUMMARY: Mortgage demand falls to a 22-year low and newbies freak out, economists say there is no housing bubble but a recession is likely, and former Senator Rudy Boschwitz says we gotta...
SUMMARY: Mortgage delinquencies hit a 23-year low, most of the credit scores of mortgage borrowers in Q1 were above 760, and the work from home revolution is wreaking havoc on Miami and...
SUMMARY: The Dallas Fed is worried about a FOMO bubble forming, total mortgage demand falls as rates jump but purchase demand was actually up for the week, and private payrolls were up...
Apparently, a new housing bubble is forming. It is not caused by loose lending standards or subprime mortgage products, instead, the culprit is FOMO, according to a new report from the...
SUMMARY: Output growth falls to an 18-month low, new home pending sales fell in December, and for the 1,000th time NO, the housing market is not a bubble! Source Output Growth...
